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The global decline in air travel will be worse than previously forecast and a new report on corporations’ plans for travel through 2021 shows that the recovery of business travel demand will continue be sluggish even after one or more Covid-19 vaccines become available, hopefully, in the first half of 2021.

The International Air Transport Association, the airline industry’s global trade group, said Tuesday that global passenger traffic this year will be down a whopping 66% from 2019. Previously IATA had forecast a decline of 63%.

While the revised view is only 3 percentage points worse than IATA’s previous forecast, the enormous numbers of passenger miles flown

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